May 6, 2013
Lots going on in the stock market – it keeps making new alltime highs, but the market is getting a little frothy.
QIHU order was filled at $35.29. Stock was up 8% within minutes. I rarely sell stocks, but I am starting to feel like the market is getting too frothy. I sold 400 of the shares in the morning, at prices between 36.94 and 37.41. Profit at $700. Kept 100 shares.
Volume is strong on the breakout, indicating the big players are behind the move. Bodes well for a continued run upwards.
QIHU reports earnings on May 20.